Wealth taxes compared

23 countries, the same five questions: who pays, how much, which debts count, what happens to the main home, and on which date the value is set.

Last updated: 10 November 2026

Chile: SII Circular 28/2020 and a 2025 parliamentary review establish Chile's annual article 7 bis surtax on aggregate fiscal assessments of Chilean real estate. This confirms a special asset-tax exposure, not a general net-worth tax. The individual 2025 amount remains unassessed: the profile lacks SII fiscal assessments, ownership shares, property exclusions and a reconciled 2025 indexed tariff. The SII 2023 operating page is not a 2025 assessment notice. Market net worth cannot stand in for the fiscal base; no complete amount or zero is certified, and a 2026 assessment must not be applied to 2025.

Sri Lanka: Sri Lanka has current 2026 local property assessment taxes: Colombo, Matara Municipal Council and Matara Pradeshiya Sabha gazettes use different rates and locally accepted annual assessed values. A national property-tax reform is still planned for 2027. Council, property class, statutory valuation, exemptions and any general net-wealth treatment are not established for a national calculator; no 2026 zero or complete amount is certified.

Morocco: Morocco has current 2026 annual housing and communal-service property taxes under local-tax Law 47-06. Housing tax uses authority-assessed rental value, location, occupancy and main-home relief; the services charge has a wider property scope. Law 14-25 sets undeveloped-urban-land tax ranges by municipal service zone, not one national rate. The complete 2026 per-property valuation, co-ownership, vacancy, local zone, chosen tariff and parcel area are not established by market net worth. No complete amount or zero, including the general net-wealth position, is certified.

Nepal: Nepal law authorizes municipal property tax on a house and its occupied land, with other land under a separate local land tax. Kathmandu enacted its own 2082 fiscal-year property and land tariffs, building valuation and depreciation schedules; calendar 2025 spans municipal fiscal years. The applicable municipality, tariff, assessment valuation, reliefs and asset details are not established for this national profile. A national portfolio cannot establish a payable amount or zero; the general net-wealth position is also not certified.

Syria: Syria's tax authority said in February 2025 that the 2025 real-estate revenue-tax assessments had not yet been issued. A July reform report proposed cancelling residential rental income tax for Syrian landlords, but enactment and 2025 application are not established. Income and property-sale taxes cannot be treated as a recurrent wealth tariff. Current personal asset-tax scope and collection remain unverified; no wealth-tax amount or zero is certified.

Tajikistan: Tajikistan 2025 law imposes annual real-estate and land taxes on individual owners or users. Building tax uses physical area, property use, a calculation indicator and district coefficients; land rates are indexed and exemptions apply. The portfolio lacks those statutory valuation inputs and a full land classification. No national market-value proxy, payable amount or zero is certified.

Turkmenistan: Turkmenistan's tax-authority consolidation lists its article 138 property tax for legal entities and a separate vehicle-owner charge for individuals. A published 2024 amendment does not change article 138, but the posted consolidation is dated 2022. The complete 2025 personal-asset rules, other amendments, collection and valuation basis are not established from that document. An individual market portfolio cannot certify an amount or zero.

Uzbekistan: Uzbekistan collected individual property and land taxes in 2025 from cadastral records and applied personal reliefs. Law O‘RQ-1014 establishes 2025 individual property-tax rates by property class. The cadastral value for each property, its classification, local adjustments, land tariff and relief eligibility are not supplied by market holdings. The undated government guide does not establish a complete land bill. No payable amount or zero is established.

Vanuatu: Vanuatu has local property taxes: the Lands service directs payment to municipal or provincial councils, the Valuer General handles property-tax valuation disputes, Port Vila issues title-linked property-tax invoices, and Luganville reports 2026 collection. The current bylaws, areas, statutory valuations, owner classes and exemptions have not been reconciled. A national market portfolio cannot produce a local property charge or certify zero; general net-wealth scope is also not certified.

Samoa: Samoa's government MSME policy mentions property taxes, while official government finance statistics report zero aggregate property-tax receipts for FY 2024/25. The Ministry of Revenue rate page gives no applicable personal-owner tariff. The statute, current collection, local scope, valuation and exemptions are unresolved; neither a liability nor legal absence follows from the aggregate revenue zero.

Yemen: Yemen's published Zakat Law describes an annual asset levy subject to taxpayer, threshold and debt rules. A 2025 Sana'a justice notice confirms regional zakat administration, while the IMF reports fragmented tax administration. Current territorial collection, amendments, taxpayer and asset classes, valuation, exemptions and currency treatment are unresolved. No uniform 2025 countrywide liability or zero is certified.

Zimbabwe: Zimbabwe enacted a 1% annual charge on qualifying nonprincipal dwellings above USD 250,000, capped at USD 50,000 per dwelling. The statutory base is the last local-authority general valuation, not market net worth. ZIMRA reported legislative misalignment in July 2025; the government said in September 2025 that collection was shelved pending further steps. A final 2025 commencement and collection decision, the local assessed value and owner/residence facts are not confirmed; no payable amount or zero is established.

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Country	Taxed above	Top rate	Debts	Valued on
Algeria	DZD 100,000,000	1%	Only debts on taxed assets	1 January
Argentina	ARS 384,728,045	0.75%	Not deductible	31 December
Belgium	EUR 1,000,000	0.3%	Not deductible	Average of four quarter-end values
Bolivia	BOB 30,000,000	2.4%	Deductible	31 December
Chile	Indexed statutory aggregate fiscal-assessment threshold; 2025 individual SII assessment required	2025 rate and amount not modelled	No deduction from aggregate fiscal property assessments	Fiscal assessments at 31 December 2024 for the 2025 charge
Colombia	COP 3,770,928,000	1.5%	Deductible	1 January
Dominican Republic	DOP 10,695,494	1%	Not deductible	1 January
France	EUR 1,300,000	1.5%	Only debts on taxed assets	1 January
Italy	No threshold	1.06%	Not deductible	31 December
Liechtenstein	Statutory taxable wealth after exclusions and proportionate debts	4% deemed return joins progressive acquisition tax	Proportionately allocated statutory debts	1 January
Lithuania	EUR 50,000	1%	Not deductible	1 January
Netherlands	EUR 59,357 allowance	36% of the deemed return	Deductible	1 January
Norway	NOK 1,900,000	1.1%	Deductible	31 December
Portugal	EUR 600,000	1.5%	Not deductible	1 January
Romania	RON 2,500,000 local taxable value per residential building; RON 375,000 acquisition cost per registered car	0.9% of each excess (2026)	Not deducted	Buildings: local taxable value; ownership at 31 December 2025. Cars: acquisition cost, first five delivery years
San Marino	EUR 20,000 cumulative eligible foreign financial assets (2026)	0.2% of excess; no tax if calculated amount is EUR 10 or less	Not deducted	31 December 2026
Spain	EUR 700,000	3.5%	Deductible	31 December
Suriname	SRD 100,000 unmarried or SRD 120,000 married, deducted from statutory net assets (2025)	3% of excess assessed net assets (2025)	Allowed statutory debts deducted	1 January 2025
Switzerland	CHF 0 (Fribourg) to CHF 204,000 (Zug) for a single person	0.12% (Nidwalden) to 0.86% (Geneva), canton and capital combined	Deductible	31 December
Tunisia	TND 3,000,000 assessed eligible wealth	1% of the whole eligible base above TND 5,000,000	Eligible real-right debts; company guarantees excluded	1 January
Turkiye	TRY 17,711,000 municipal building value per home	1% marginal rate above TRY 35,425,000 per home	Not deducted from building tax value	2026 municipal building tax value
Uruguay	UYU 6,653,000	0.1%	Not deductible	31 December
Venezuela	At least 150 million tax units, for SENIAT-designated special taxpayers	0.25% of affirmed statutory taxable base (2026)	Statutory liabilities and asset charges excluded	30 September

Wealth-tax exposure remains unassessed for Sri Lanka, Morocco, Nepal, Syria, Tajikistan, Turkmenistan, Uzbekistan, Vanuatu, Samoa, Yemen, Zimbabwe. These countries are not classified as having no wealth tax.

Amounts are in local currency. Each tax has a different base, so compare the sections below before you compare the rates.

What is a wealth tax?

A wealth tax is a recurring tax on what you own, not on what you earn. The base differs by country: it can be your whole net wealth, your securities accounts, your real estate, or an assumed return on your assets.

Which countries have a wealth tax?

Sovereign models 23 countries with a broad wealth tax or a selected special recurring tax on assets. Those with a broad tax on net wealth are Argentina, Bolivia, Colombia, Norway, Spain, Suriname, Switzerland, Tunisia, Venezuela. Ordinary municipal property and vehicle charges are outside this comparison. Some local or regional wealth taxes may also be absent.

Can you deduct debts from a wealth tax?

It depends on the country. Some deduct all debts, some deduct only debts on the taxed assets, and some deduct no debts. The same mortgage can therefore lower the tax in one country and have no effect in another.

Taxes on net wealth

These reach a broad base of what a person owns.

Argentina: Bienes Personales

Charged on gross assets. Rates and thresholds in pesos change each year.

Taxed above	ARS 384,728,045
Top rate	0.75%
Debts	Not deductible
Main home	First ARS 1,346,548,156 exempt
Valued on	31 December

Sources: Law 27.743 articles 61, 63 and 67 · ARCA - Bienes Personales: alícuotas (Tabla general período 2025) · ARCA - Bienes Personales: ¿Qué es? (mínimo no imponible y casa-habitación por período)

Bolivia: Impuesto a las Grandes Fortunas

Resident net fortune at prescribed values. Fixed offsets apply; only qualifying regulated-lender debt is deductible. Asset exclusions, valuations and credits need further facts.

Taxed above	BOB 30,000,000
Top rate	2.4%
Debts	Deductible
Main home	No general relief in this model
Valued on	31 December

Sources: Law 1357,28 December 2020 — Impuesto a las Grandes Fortunas · Supreme Decree 4436,30 December 2020

Colombia: Impuesto al patrimonio

Charged on net wealth above the band shown.

Taxed above	COP 3,770,928,000
Top rate	1.5%
Debts	Deductible
Main home	First COP 628,488,000 exempt
Valued on	1 January

Sources: Estatuto Tributario arts. 292-3, 294-3, 295-3, 296-3 (Ley 2277 de 2022) - Secretaría del Senado · DIAN Resolución 000193 de 2024 - UVT 2025 · DIAN Resolución 000071 de 2023 - Formulario 420 (impuesto al patrimonio), instrucciones casilla 37

Norway: Formuesskatt

Some assets count at a reduced value, including the main home and shares.

Taxed above	NOK 1,900,000
Top rate	1.1%
Debts	Deductible
Main home	Counts at 25% up to NOK 14,000,000, 70% above
Valued on	31 December

Sources: Skatteetaten - Satser: Formuesskatt og verdsettingsrabatter (2026) · Lovdata - Skatteloven § 4-1 (hovedregel om formue) · Lovdata - Skatteloven kapittel 4 (formue: §§ 4-2, 4-10, 4-12, 4-19)

Spain: Impuesto sobre el Patrimonio

Regions change the rates and allowances. A national solidarity tax applies on top of large fortunes, with the regional tax credited.

Taxed above	EUR 700,000
Top rate	3.5%
Debts	Deductible
Main home	First EUR 300,000 exempt
Valued on	31 December

Sources: BOE - Ley 19/1991 del Impuesto sobre el Patrimonio · BOE - Ley 38/2022 (Impuesto Temporal de Solidaridad de las Grandes Fortunas) · Agencia Tributaria - Manual práctico Patrimonio 2025: deudas deducibles (Ley 19/1991 arts. 9 y 25)

Suriname: Vermogensbelasting (2025)

Residents are charged on assessed 1 January net assets after statutory exclusions and debts. The model needs a confirmed full-year resident filing class and independently assessed net base; nonresident and part-year cases need separate assessment.

Taxed above	SRD 100,000 unmarried or SRD 120,000 married, deducted from statutory net assets (2025)
Top rate	3% of excess assessed net assets (2025)
Debts	Allowed statutory debts deducted
Main home	No separate main-home exclusion in the cited Act; statutory sale value applies
Valued on	1 January 2025

Sources: Belastingdienst Suriname — Wet Vermogensbelasting 1944 · Suriname Ministry of Finance — 2026 financial plan · Rekenkamer — 2025 annual audit report

Switzerland: Cantonal wealth tax

Cantonal and communal — there is no federal wealth tax. Each canton sets its own schedule and social deduction and every commune its multiplier; the calculator models the 26 cantonal capitals (single taxpayer, no church tax).

Taxed above	CHF 0 (Fribourg) to CHF 204,000 (Zug) for a single person
Top rate	0.12% (Nidwalden) to 0.86% (Geneva), canton and capital combined
Debts	Deductible
Main home	No general relief in this model
Valued on	31 December

Sources: ESTV Steuerrechner — Einkommens- und Vermögenssteuer, Steuerjahr 2026: Tarife, Steuerfüsse und Abzüge der 26 Kantonshauptorte (Exportfunktionen) und Kontrollrechnungen des Rechners · ESTV / SSK — Dossier Steuerinformationen: Die Vermögenssteuer natürlicher Personen · Kanton St. Gallen — Steuerbuch StB 66 Nr. 1: Postnumerandobesteuerung mit Gegenwartsbemessung (StG art. 68 = StHG art. 66 Abs. 1)

Tunisia: Impôt sur la fortune (2026)

Calculated only from an affirmed statutory taxable base. Ordinary portfolio values cannot identify the exclusions and eligible debts.

Taxed above	TND 3,000,000 assessed eligible wealth
Top rate	1% of the whole eligible base above TND 5,000,000
Debts	Eligible real-right debts; company guarantees excluded
Main home	Outside the tax
Valued on	1 January

Sources: Finance Law 2026, art. 88

Venezuela: Impuesto a los Grandes Patrimonios (2026)

Applies to SENIAT-designated special taxpayers with at least 150 million tax units of net wealth. The rate needs an affirmed statutory taxable base after asset-specific values, debts and exemptions.

Taxed above	At least 150 million tax units, for SENIAT-designated special taxpayers
Top rate	0.25% of affirmed statutory taxable base (2026)
Debts	Statutory liabilities and asset charges excluded
Main home	Registered main home excluded
Valued on	30 September

Sources: Gaceta Oficial 41.696 — Ley que crea el Impuesto a los Grandes Patrimonios · KPMG Venezuela — Guía de Inversiones 2026, §2.3.1

Tax on a deemed return

The tax falls on an assumed return from the assets, not on the assets.

Liechtenstein: Integrated wealth and acquisition tax

4% of classified taxable beginning-year wealth joins acquisition under the progressive national tariff plus municipal surcharge. Actual qualifying private returns excluded; valuations, debts, foreign progression and deductions require assessment.

Taxed above	Statutory taxable wealth after exclusions and proportionate debts
Top rate	4% deemed return joins progressive acquisition tax
Debts	Proportionately allocated statutory debts
Main home	Valuation and classification required
Valued on	1 January

Sources: LGBl2024/483:2025 tariffs and 2026 Sollertrag · Articles 10–12 exclusions, proportionate debt and beginning-year valuation

Netherlands: Box 3

A tax on a deemed return from savings and investments, not on the wealth itself.

Taxed above	EUR 59,357 allowance
Top rate	36% of the deemed return
Debts	Deductible
Main home	Outside the tax
Valued on	1 January

Sources: Wet inkomstenbelasting 2001, hoofdstuk 5 (box 3), versie 2025-01-01 · Wet inkomstenbelasting 2001, art. 2.13 (tarief box 3), versie 2025-01-01 · Belastingdienst - Berekening box 3-inkomen 2025 (definitieve percentages)

Taxes on financial assets

These reach securities accounts only.

Belgium: Annual tax on securities accounts

Applies to securities accounts, not to total wealth.

Taxed above	EUR 1,000,000
Top rate	0.3%
Debts	Not deductible
Main home	No general relief in this model
Valued on	Average of four quarter-end values

Sources: Loi du 17 février 2021 portant introduction d'une taxe annuelle sur les comptes-titres (MB 25.02.2021) — CDTD arts. 201/3-201/6 · Cour constitutionnelle, arrêt 138/2022 du 27 octobre 2022 (reproduces CDTD arts. 201/3-201/5; upholds cash in the base) · Chambre des représentants — Doc 55 1708/001: taxe annuelle sur les comptes-titres (CDTD art. 201/4-201/6)

San Marino: IRAFE on foreign financial assets (2026)

Applies to covered foreign financial assets only. Taxpayer eligibility and the full 31 December value need independent confirmation; the charge is waived when the calculated amount is EUR 10 or less.

Taxed above	EUR 20,000 cumulative eligible foreign financial assets (2026)
Top rate	0.2% of excess; no tax if calculated amount is EUR 10 or less
Debts	Not deducted
Main home	Outside this foreign financial-asset tax
Valued on	31 December 2026

Sources: San Marino — Law 207/2021, article 4 · San Marino — Law 94/2022, article 17 · San Marino — Law 30/2025, article 32

Taxes on real estate

These are often called wealth taxes, but they reach property only.

Chile: Aggregate real-estate surtax (2025)

Applies to an owner's aggregate Chilean real-estate fiscal assessments above the indexed threshold. This is not a general net-worth tax. The 2025 individual amount is unassessed.

Taxed above	Indexed statutory aggregate fiscal-assessment threshold; 2025 individual SII assessment required
Top rate	2025 rate and amount not modelled
Debts	No deduction from aggregate fiscal property assessments
Main home	Owned property enters the SII aggregate base; statutory exclusions need review
Valued on	Fiscal assessments at 31 December 2024 for the 2025 charge

Sources: Chile SII — Circular 28/2020, article 7 bis aggregate-property surtax · Chile Library of Congress — November 2025 property-tax review · Chile SII — 2025 territorial tax calculation guide

Dominican Republic: Impuesto al Patrimonio Inmobiliario

Applies to covered Dominican property at DGII-assessed values. Owner and property exemptions, coownership and residence-history relief need further facts.

Taxed above	DOP 10,695,494
Top rate	1%
Debts	Not deductible
Main home	No general relief in this model
Valued on	1 January

Sources: CA92 ¿Hasta qué monto el Patrimonio Inmobiliario…exento de IPI? · CA609 ¿Qué tasa debo pagar por IPI? · DGII Decree 50-13, article 15

France: IFI (Impôt sur la fortune immobilière)

Applies to real estate only. Once net real estate reaches the threshold, the scale counts from the first taxed band.

Taxed above	EUR 1,300,000
Top rate	1.5%
Debts	Only debts on taxed assets
Main home	Counts at 70% of its value
Valued on	1 January

Sources: Service-Public.fr - Calcul de l'IFI · BOFiP BOI-PAT-IFI-20-40-10-20240605 - IFI: dettes déductibles (CGI art. 974) · Légifrance - CGI art. 973 I (IFI: résidence principale)

Italy: IVIE

Applies to real estate held abroad, not to total wealth. The value used depends on the country of the property.

Taxed above	No threshold
Top rate	1.06%
Debts	Not deductible
Main home	No general relief in this model
Valued on	31 December

Sources: Article 19: distinct IVIE/IVAFE/crypto value taxes · Normattiva — DL 201/2011 art. 19 commi 13-17 (IVIE), text in force 2024-2026 · Agenzia delle Entrate — Circolare 28/E del 2 luglio 2012, §1.2 Base imponibile dell'IVIE

Lithuania: Immovable property tax

Applies to real estate in Lithuania, not to total wealth.

Taxed above	EUR 50,000
Top rate	1%
Debts	Not deductible
Main home	Tax-free up to at least EUR 450,000 per owner
Valued on	1 January

Sources: Law X-233 on Immovable Property Tax - consolidated version in force 2022-07-01 to 2025-12-31, arts. 6(4)-(5), 7(1)(6)-(7) · VMI - NTM rates for individuals' declaration KIT715 (2025 tax year) · Law X-233 on Immovable Property Tax, art. 8 (official English translation)

Portugal: AIMI

Applies to Portuguese real estate, on its tax value (VPT) and not its market value.

Taxed above	EUR 600,000
Top rate	1.5%
Debts	Not deductible
Main home	No general relief in this model
Valued on	1 January

Sources: CIRS / CIMI - AIMI Real Estate Surtax · CIMI arts. 135-B / 135-C - AIMI incidence and taxable value · CIMI art. 138 - Actualização periódica (redação da Lei 7-A/2016)

Turkiye: Değerli Konut Vergisi (2026)

Applies per taxable Turkish home at its municipal building-tax value. The single or lowest-value home exemption, prior-year liability trigger and owner share need confirmation.

Taxed above	TRY 17,711,000 municipal building value per home
Top rate	1% marginal rate above TRY 35,425,000 per home
Debts	Not deducted from building tax value
Main home	Only home exempt; with several taxable homes, the lowest-value one is exempt
Valued on	2026 municipal building tax value

Sources: GİB — Değerli Konut Vergisi Rehberi 2026

Taxes on real estate and vehicles

Other assets stay outside these taxes.

Algeria: Impôt sur la fortune

Applies to real estate and vehicles, not to total wealth.

Taxed above	DZD 100,000,000
Top rate	1%
Debts	Only debts on taxed assets
Main home	Excluded if worth at most DZD 450,000,000
Valued on	1 January

Sources: DGI Algérie - CIDTA 2025, Impôt sur la fortune arts. 274-281 noniès (scale per LFC 2020 art. 13) · DGI Algérie - CIDTA 2025, art. 276 (éléments du patrimoine imposables) · DGI Algérie - Code des impôts directs et taxes assimilées 2025, arts. 275-281 nonies

Romania: Special tax on high-value homes and cars (2026)

Applies per qualifying Romanian residential building at local taxable value and per registered car at acquisition cost. Owner share and the car's five-year delivery period need confirmation.

Taxed above	RON 2,500,000 local taxable value per residential building; RON 375,000 acquisition cost per registered car
Top rate	0.9% of each excess (2026)
Debts	Not deducted
Main home	No main-home exemption in this special tax; the same per-building threshold applies
Valued on	Buildings: local taxable value; ownership at 31 December 2025. Cars: acquisition cost, first five delivery years

Sources: ANAF — Law 296/2023, Tax Code title X¹ · ANAF — Law 239/2025, article XII point 51 · ANAF — Form 216 instructions, Order 3738/2024

Uruguay: Impuesto al Patrimonio

In this model it reaches real estate and vehicles in Uruguay. Only certain Uruguayan debts count, so a holder of foreign assets normally deducts nothing.

Taxed above	UYU 6,653,000
Top rate	0.1%
Debts	Not deductible
Main home	50% of its value deducted, up to UYU 6,653,000
Valued on	31 December

Sources: DGI - Tasas del Impuesto al Patrimonio personas fisicas 2025 · IMPO - Texto Ordenado 2023 (Decreto 101/024), Título 14 arts. 53 (tasas) and 57 (mínimo no imponible) · Decreto 334/025, art. 2 - mínimo no imponible IP 2025

How we built this page

These figures come from the same tax profiles that the Sovereign engine uses. The page is generated from them, so it cannot show a different number from the product.

Each source above is a government or legal text, or a Big Four summary. We retrieved them between 2026-04-29 and 2026-11-10.
The figures show the national rule, or a general guide where the rule is regional. Regions and cantons can differ.
The table does not cover special regimes, tax treaties or your personal situation. Rules also change after the dates above.
Did you find an error? Tell us, with the source.

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